VV
SOLUTIONS MANUAL
BASIC STATISTICS FOR BUSINESS & ECONOMICS,
7TH CANADIAN EDITION BY DOUGLAS LIND AND MARCHAL
ALL CHAPTERS 1-17 COVERED
-V1 ChapterV1
V-
,TABLE OF CONTENT
V V
CHAPTERV1:VWhatVIsVStatistics?
CHAPTERV2:VDescribingVData:VFrequencyVTables,VFrequencyVDistributionsVandVGraphicVPresentation
CHAPTERV3:VDescribingVData:VNumericalVMeasures
CHAPTERV4:VAVSurveyVofVProbabilityVConcepts
CHAPTERV5:VDiscreteVProbabilityVDistributions
CHAPTERV6:VContinuousVProbabilityVDistributions
CHAPTERV7:VSamplingVMethodsVandVtheVCentralVLimitVTheorem
CHAPTERV8:VEstimationVandVConfidenceVIntervals
CHAPTERV9:VOne-SampleVTestsVofVHypothesis
CHAPTERV10:VTwo-SampleVTestsVofVHypothesis
CHAPTERV11:VAnalysisVofVVariance
CHAPTERV12:VLinearVRegressionVandVCorrelation
CHAPTERV13:VMultipleVRegressionVandVCorrelationVAnalysis
CHAPTERV14:VChi-SquareVApplications
CHAPTERSVAVAILABLEVONLINE
CHAPTERV15:VIndexVNumbers
CHAPTERV16:VTimeVSeriesVandVForecasting
CHAPTERV17:VAnVIntroductionVtoVDecisionVTheory
-V2 ChapterV1
V-
,CHAPTER 1 V
WHAT IS STATISTICS?
V V
1. a. Interval
b. Ratio
c. Ratio
d. Nominal
e. Ordinal
f. Ratio
g. Nominal
h. Ordinal
i. Nominal
j. Ratio (LO1-5)
2. a. Ratio
b. Ratio
c. Ratio
d. Ratio
e. Ratio
f. Ratio (LO1-5)
3. AnswersVwillVvary (LO1-6)
4. a. Sample
b. Population
c. Population
d. SampleV(LO1-3)
5. QualitativeVdataVareVnotVnumerical,VwhereasVquantitativeVdataVareVnumerical.VExampl
esVwillVvaryVbyVstudent. (LO1-4)
6. AVpopulationVisVtheVentireVgroupVwhichVyouVareVstudying.VAVsampleVisVaVsubsetVtakenVfro
mVaVpopulation. (LO1-3)
7. DiscreteVvariablesVcanVassumeVonlyVcertainVvalues,VwhereasVcontinuousVvariablesVc
anVassumeVanyVvalueVwithinVaVspecificVrange.VExamplesVwillVvary. (LO1-4)
8. TheVcellVphoneVproviderVisVnominalVlevelVdata.VTheVminutesVusedVareVratioVlevel.VSatisfactio
nVisVordinalVlevel. (LO1-5)
-V3 ChapterV1
V-
, 9. IfVyouVwereVusingVoneVstoreVasVtypicalVofVallVofVtheVstoresVsellingVelectronicVbookVreadersVi
nVtheVmallVthenVitVwouldVbeVsampleVdata.VHowever,VifVyouVwereVconsideringVallVofVtheVsto
resVsellingVelectronicVbookVreadersVinVtheVmall,VthenVtheVdataVwouldVbeVpopulationVdata.
(LO1-3)
10. BasedVonVtheseVfindings,VweVcanVinferVthatV270/300VorV90VpercentVofVtheVexecutivesVwo
uldVmove. (LO1-3)
-V4 ChapterV1
V-
SOLUTIONS MANUAL
BASIC STATISTICS FOR BUSINESS & ECONOMICS,
7TH CANADIAN EDITION BY DOUGLAS LIND AND MARCHAL
ALL CHAPTERS 1-17 COVERED
-V1 ChapterV1
V-
,TABLE OF CONTENT
V V
CHAPTERV1:VWhatVIsVStatistics?
CHAPTERV2:VDescribingVData:VFrequencyVTables,VFrequencyVDistributionsVandVGraphicVPresentation
CHAPTERV3:VDescribingVData:VNumericalVMeasures
CHAPTERV4:VAVSurveyVofVProbabilityVConcepts
CHAPTERV5:VDiscreteVProbabilityVDistributions
CHAPTERV6:VContinuousVProbabilityVDistributions
CHAPTERV7:VSamplingVMethodsVandVtheVCentralVLimitVTheorem
CHAPTERV8:VEstimationVandVConfidenceVIntervals
CHAPTERV9:VOne-SampleVTestsVofVHypothesis
CHAPTERV10:VTwo-SampleVTestsVofVHypothesis
CHAPTERV11:VAnalysisVofVVariance
CHAPTERV12:VLinearVRegressionVandVCorrelation
CHAPTERV13:VMultipleVRegressionVandVCorrelationVAnalysis
CHAPTERV14:VChi-SquareVApplications
CHAPTERSVAVAILABLEVONLINE
CHAPTERV15:VIndexVNumbers
CHAPTERV16:VTimeVSeriesVandVForecasting
CHAPTERV17:VAnVIntroductionVtoVDecisionVTheory
-V2 ChapterV1
V-
,CHAPTER 1 V
WHAT IS STATISTICS?
V V
1. a. Interval
b. Ratio
c. Ratio
d. Nominal
e. Ordinal
f. Ratio
g. Nominal
h. Ordinal
i. Nominal
j. Ratio (LO1-5)
2. a. Ratio
b. Ratio
c. Ratio
d. Ratio
e. Ratio
f. Ratio (LO1-5)
3. AnswersVwillVvary (LO1-6)
4. a. Sample
b. Population
c. Population
d. SampleV(LO1-3)
5. QualitativeVdataVareVnotVnumerical,VwhereasVquantitativeVdataVareVnumerical.VExampl
esVwillVvaryVbyVstudent. (LO1-4)
6. AVpopulationVisVtheVentireVgroupVwhichVyouVareVstudying.VAVsampleVisVaVsubsetVtakenVfro
mVaVpopulation. (LO1-3)
7. DiscreteVvariablesVcanVassumeVonlyVcertainVvalues,VwhereasVcontinuousVvariablesVc
anVassumeVanyVvalueVwithinVaVspecificVrange.VExamplesVwillVvary. (LO1-4)
8. TheVcellVphoneVproviderVisVnominalVlevelVdata.VTheVminutesVusedVareVratioVlevel.VSatisfactio
nVisVordinalVlevel. (LO1-5)
-V3 ChapterV1
V-
, 9. IfVyouVwereVusingVoneVstoreVasVtypicalVofVallVofVtheVstoresVsellingVelectronicVbookVreadersVi
nVtheVmallVthenVitVwouldVbeVsampleVdata.VHowever,VifVyouVwereVconsideringVallVofVtheVsto
resVsellingVelectronicVbookVreadersVinVtheVmall,VthenVtheVdataVwouldVbeVpopulationVdata.
(LO1-3)
10. BasedVonVtheseVfindings,VweVcanVinferVthatV270/300VorV90VpercentVofVtheVexecutivesVwo
uldVmove. (LO1-3)
-V4 ChapterV1
V-
